accounting software is abundant. There are many different software
companies that produce very good products to help businesses be
productive and help supply useful information to manage the business.
Before desktop computers arrived in the 1980's most accounting was done
with a pencil and a calculator. Then, with the beginning of the
personal computer age, computer memory and processor speeds limited
software development. However, this limited software was a tremendous
leap from the manual accounting system.
Now, in recent years,computer memory and processing speeds
seem to be almost limitless, and the software is now able to process
huge amounts of data from a tremendous data reserve. Integration
software which links the entire business enterprise and all
its departments is now common.
Software can be categorized as follows:
Financial general ledger software
- Financial general ledger software
- Manufacturing MRP software & ERP
- Spreadsheet software
- Fixed asset software
- Consolidation software
software along with e-file
is used in many businesses. This software may have several
- Accounts payable
- Accounts receivable
- General ledger
- May have other modules for fixed assets, etc
This software is used to capture all the financial information and then
report it in the form of financial statements.
business software is available for many types of business:
is used in
manufacturing environments and includes more than just financial
functions. It also includes the materials functions, project
accounting, etc. It is designed for all the operations of the
manufacturing business. In non-manufacturing environments,
this is often called ERP software, short for enterprise
such as Microsoft
is used to analyze data and produce reports.
is used to track the assets of a company and creates information for
depreciation costs. A good fixed
is necessary and well as tracking method
such as Hyperion is used to consolidate the
financial information from several reporting business units.
is used by accounting firms to prepare individual and business taxes.